Everything that sellers need to know about appraisals before listing.
First, know that a home appraisal is a valuation of your property by a licensed appraiser. It's the appraiser's job to determine the fair market value of your home, which is an essential step in the home-selling process.
To prepare your home for an appraisal, one of the most critical things you can do is to make sure it’s in the best possible condition. My advice to my clients is to treat the appraisal inspection as though it was a buyer's showing. The home should be clean and free of any disrepair and clutter.
"The appraisal value may impact the final sales price of your home, so be prepared."
Another important factor to remember is that appraisers use comparable properties that have recently sold in your neighborhood to determine the value of your home. Therefore, it's critical to make sure that you provide an appraiser with any repairs and improvements that you've made to your home that could help it stand apart from the others.
Finally, remember that the appraisal value may impact the final sales price of your home. By following these steps, you can put yourself in a position for a positive outcome and ultimately, a successful sale. If you have any questions about home appraisals or listing your home in 2023, call or email me anytime. I look forward to hearing from you!